CARACAS, Tuesday April 17, 2007 | Update
EL UNIVERSAL
A dispute between Brazil and Venezuela over biofuels threatens
to tarnish the First South American Energy Summit being held
in the Island of Margarita, eastern Venezuela,
delegates from various countries told Efe.
The Ministers of Energy attending the meeting have reached
no consensus on the summit's final declaration, even though
they held a 11-hour debate that should have lasted only two
or three hours.
Ministers and officials confirmed that energy authorities
-who started their meeting at 11:30 a.m.- continued deliberations
past 10:00 p.m.
At that time, the South American presidents attending the
event were at a dinner party hosted by Venezuelan President
Hugo Chávez. Earlier, Chávez and his South American
counterparts held a working meeting focused on South American
political unity.
Meanwhile, Foreign Affairs Ministers -who should have met
following the meeting of the Ministers of Energy- started
deliberations three and a half hours later than scheduled
due to lack of consensus. They could not assess the declaration
they are expected to forward to the South American Heads of
State on Tuesday.
Brazilian sources reported that Brazilian President Luiz
Inácio Lula da Silva would not give up advocating biofuels,
even though his stance prevents the summit from issuing a
consensus final declaration.
Before departing for Venezuela on Monday, Lula claimed it
was perfectly feasible to produce food and biofuels simultaneously,
thus dismissing Venezuelan and Cuban attacks against ethanol
production.
Final name
The South American presidents did agree to name their diplomatic
mechanism Union of South American Nations (Unasur). The organization's
Executive Secretariat will be based in Quito, President Chávez
said.
He added that proposals would be disclosed later to designate
the Permanent Secretary of Unasur -which is replacing the
South American Community of Nations (CSN). This project is
aimed at integrating the South American countries.
"This is what we decided by consensus today (Monday) We also
addressed other issues such as the Bank of the South, and
agreed to enter into a sort of energy accord guaranteeing
energy supplies for 100 years. These meetings have been quite
important," the Venezuelan ruler added.
Translated by Maryflor Suárez R.
msuarez@eluniversal.com
01:11 PM.
Economy.
Domestic inflation rate in Venezuela was 1.7 percent in January, at the same rate as in December 2009, despite currency devaluation at the start of the year decreed by President Hugo Chávez, a senior government source told Reuters on Tuesday.